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Government
Liberia

Country name:

conventional long form: Republic of Liberia conventional short form: Liberia

Government type:

republic

Capital:

name: Monrovia geographic coordinates: 6 18 N, 10 48 W time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time)

Administrative divisions:

15 counties; Bomi, Bong, Gbarpolu, Grand Bassa, Grand Cape Mount, Grand Gedeh, Grand Kru, Lofa, Margibi, Maryland, Montserrado, Nimba, River Cess, River Gee, Sinoe

Independence:

26 July 1847

National holiday:

Independence Day, 26 July (1847)

Constitution:

6 January 1986

Legal system:

dual system of statutory law based on Anglo-American common law for the modern sector and customary law based on unwritten tribal practices for indigenous sector; accepts compulsory ICJ jurisdiction with reservations

Suffrage:

18 years of age; universal

Executive branch:

chief of state: President Ellen JOHNSON SIRLEAF (since 16 January 2006); note - the President is both the chief of state and head of government head of government: President Ellen JOHNSON SIRLEAF (since 16 January 2006) cabinet: Cabinet appointed by the president and confirmed by the Senate elections: president elected by popular vote for a six-year term (eligible for a second term); election last held 8 November 2005 (next to be held in 2011) election results: Ellen JOHNSON SIRLEAF elected president; percent of vote, second round - Ellen JOHNSON SIRLEAF 59.6%, George WEAH 40.4%

Legislative branch:

bicameral National Assembly consists of the Senate (30 seats; note - number of seats changed in 11 October 2005 elections; members elected by popular vote to serve nine-year terms) and the House of Representatives (64 seats; members elected by popular vote to serve six-year terms) elections: Senate - last held 11 October 2005 (next to be held in 2011); House of Representatives - last held 11 October 2005 (next to be held in 2011) election results: Senate - percent of vote by party - NA; seats by party - COTOL 7, NPP 4, CDC 3, LP 3, UP 3, APD 3, other 7; House of Representatives - percent of vote by party - NA; seats by party - CDC 15, LP 9, COTOL 8, UP 8, APD 5, NPP 4, other 15 note: junior senators - those who received the second most votes in each county in the 11 October 2005 election - will only serve a six-year first term because the Liberian constitution mandates staggered Senate elections to ensure continuity of government; all senators will be eligible for nine-year terms thereafter

Judicial branch:

Supreme Court

Political parties and leaders:

Alliance for Peace and Democracy or APD [Togba-na TIPOTEH];
Coalition for the Transformation of Liberia or COTOL [H. Varney
SHERMAN]; Congress for Democratic Change or CDC [George WEAH];
Liberty Party or LP [Charles BRUMSKINE]; National Patriotic Party or
NPP [Roland MASSAQUOI]; Unity Party or UP [Ellen JOHNSON SIRLEAF]

Political pressure groups and leaders:

other: demobilized former military officers

International organization participation:

ACP, AfDB, AU, ECOWAS, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA,
IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ITU,
ITUC, MIGA, NAM, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO,
WFTU, WHO, WIPO, WMO, WTO (observer)

Diplomatic representation in the US:

chief of mission: Ambassador Milton Nathaniel BARNES chancery: 5201 16th Street NW, Washington, DC 20011 telephone: (202) 723-0437 FAX: (202) 723-0436 consulate(s) general: New York

Diplomatic representation from the US:

chief of mission: Ambassador Linda THOMAS-GREENFIELD embassy: 111 United Nations Drive, P. O. Box 98, Mamba Point, 1000 Monrovia, 10 mailing address: use embassy street address telephone: 7-705-4826 FAX: 7-701-0370

Flag description:

11 equal horizontal stripes of red (top and bottom) alternating with white; there is a white five-pointed star on a blue square in the upper hoist-side corner; the design was based on the US flag

Economy
Liberia

Economy - overview:

Civil war and government mismanagement destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically-elected government in 2006, some have returned. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope. President JOHNSON SIRLEAF, a Harvard-trained banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Embargos on timber and diamond exports have been lifted, opening new sources of revenue for the government. The reconstruction of infrastructure and the raising of incomes in this ravaged economy will largely depend on generous financial and technical assistance from donor countries and foreign investment in key sectors, such as infrastructure and power generation.

GDP (purchasing power parity):

$1.525 billion (2007 est.)

GDP (official exchange rate):

$730 million (2007 est.)

GDP - real growth rate:

9.4% (2007 est.)

GDP - per capita (PPP):

$500 (2007 est.)

GDP - composition by sector:

agriculture: 76.9% industry: 5.4% services: 17.7% (2002 est.)

Labor force - by occupation:

agriculture: 70% industry: 8% services: 22% (2000 est.)

Unemployment rate:

85% (2003 est.)

Population below poverty line:

80% (2000 est.)

Household income or consumption by percentage share:

lowest 10%: NA% highest 10%: NA%

Budget:

revenues: NA expenditures: NA

Fiscal year:

calendar year

Inflation rate (consumer prices):

11.2% (2007 est.)

Commercial bank prime lending rate:

15.05% (31 December 2007)

Stock of money:

$145.6 million (31 December 2007)

Stock of quasi money:

$49.89 million (31 December 2007)

Stock of domestic credit:

$1.157 billion (31 December 2007)

Agriculture - products:

rubber, coffee, cocoa, rice, cassava (tapioca), palm oil, sugarcane, bananas; sheep, goats; timber

Industries:

rubber processing, palm oil processing, timber, diamonds

Industrial production growth rate: